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Brown & Brown (BRO) operating margin by quarter

Brown & Brown's operating margin was 18.6% in Q3 FY27 (third quarter fiscal 2027), -4.3 pts from Q2 FY27. Over the last 7 quarters it ranged from 18.6% (Q3 FY27) to 30.4% (Q1 FY26).

Brown & Brown operating margin by quarterBrown & Brown operating margin by quarter30.4%Q1 FY2624.2%Q2 FY2619.4%Q3 FY2620.0%Q4 FY2628.0%Q1 FY2722.9%Q2 FY2718.6%Q3 FY27
QuarterOperating marginQ/QY/Y
Q3 FY2718.6%-4.3 pts-0.8 pts
Q2 FY2722.9%-5.2 pts-1.4 pts
Q1 FY2728.0%+8.1 pts-2.4 pts
Q4 FY2620.0%+0.6 pts—
Q3 FY2619.4%-4.8 pts—
Q2 FY2624.2%-6.2 pts—
Q1 FY2630.4%——

Q3 FY27 at a glance

Brown & Brown, Q3 FY27: revenue $1.7B (+7% year over year), operating margin 18.6%, net earnings $240M, operating cash flow $532M. The chart follows the revenue to costs, profit and cash.

Questions

What is Brown & Brown's operating margin?

Brown & Brown's operating margin was 18.6% in Q3 FY27 (third quarter fiscal 2027), -4.3 pts from Q2 FY27.

How has Brown & Brown's operating margin changed?

Over the last 7 quarters it ranged from 18.6% (Q3 FY27) to 30.4% (Q1 FY26).

Q3 FY27 results → · How Brown & Brown makes money →